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Buying after a short sale

Posted by Ashor Warda on September 6, 2012 at 2:15pm in Short Sale Discussions

We completed a short sale in December 2011. If we have 20% saved, with a 692 average credit score, can we qualify for a conventional loan (NOT FHA)? I have a stable job with a better income. Are there new Fannie Mar rules that i'm not aware of?

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Replies

Bryant Tutas September 7, 2012 at 1:48am

Check with a mortgage broker and have them do a pre-qualification for you. Some one would have to look at your creidt to answer this question.

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